Charity number: XR29759, NIC 100209
Company number: N1034587
Greater Shantallow Area Partnership Limited
(A company limited by guarantee)
Trustees, report and flnanclal statements
for the year ended 31 March 2025

Greater Shantallow Area Partnership Limited
(A company lirnited by guaranlee)
Contents
Page
Legal and adminislrative infornwlion
Trustees, report
Auditors. rep)rt lo the trustees
12.14
Sialemenl of financial aclivilies
Is
Balance sheet
16
Cash flow slalement
17
Nole5 to the financial staiements
18-28

Greater Shantallow Area Partnership Limited
(A company limited by guarantee)
Legal and administrative information
Charity number
XR29759. NIC 100209
Company registration number N1034587
Business address
Unit C3 & C4 Northside Village Cenlre
Glengalliagh Road
Derry
BT48 8NN
Registered offlce
Unit C3 & C4 Nonhside Village Centre
Glengalliagh Road
D¢￿Y
BT48 8NN
TThs1tt5
Peter McDonald
Martin Connolly
Tony Hasson
Caihal Mccauley, Sandra Duffy & Vivienne
Lynoll
Charles McDaid
Marie Gillespie & F.laine Young
Brian Tierney & Michael Doyle
Caolan Campbell & Francis G Mcmonagle
Resigned 03.09.2024
Re$igned 19.02.2024
Appointed 1410212022 &
0610412022
Secrelary
Caihal Mccauley
Manager
Rory M¢Parland
Auditors
Shaun McGinty & Co (Siatutory Auditor)
Chartered Ac¢ounlanis
44 Woodbrook
Derry
BT48 8FF
Bankers
Allicd Irish Bank
Meadowbank
Slrand Road
Derry
BT48 7TN
Solicitors
Ha550n & Co
Soliciiors
39141 Clarendon Street
Derry
BT48 7ER
Page I

Greater Shantalloiv Area Partnershlp Limlted
(A company limited by guarantee)
Report of the trustees (incorporating the directors, report)
for the year ended 31 March 2025
The trusiees present their report and the financial siatemenis for Ihe year ended 31 March 2025.
The financial siaiemenis are prepared in accordance with Ihe Companies Act 2(M)6, the Charities Act (Nl) 2008. FRS 102
"The Financial Reporting StandArd applicable in the UK and Republic of Ireland. and Accounting and Reporting by
cl￿rIties, Siaiemcnt of Rccommended Practice applicable lo charitie5 preparing their financial siatemenis in accordance
with Ihe Financial Reporting Sthndard applicable in ihe UK and Republi¢ of Ireland (FRS 102).
The Truslees Report coniains the information required lo be provided in the Trusiees Annual Report under the Siaiement
of Rccomm¥nded Practice (SORP) 8uidelines. The directors of Ihe company are also charity trustees for the purpose of
chariiy low and under the company's consiiltition are known as m¢mb¢TS of Ihe board of trusiees.
In Ihis Teport the Iruslees present a surnrnary of ils purix)se, governance, octivilies, achievemenis and finances for the
financial year ended 31 March 2025.
Dlrectors and I￿￿te¢S
The trustees, who are also di￿¢[0rS of Greater Shantallow Area Partnership Limiied for Ihe purposes of ¢omp&ny law
and who served during the yeur and up 10 Ihe dale of this repon are ser out below.
Trustees
Peler McDonald
Martin Connolly
Tony Hasson
Caihal Mccauley, Sandra Duffy & Vivienne Lynott
Charles McDaid
Marie Gillespie & Elaine Young
Brian Tierney & Michael Doyle
Caolan Canipbell & Francis G McMonagl¢
Resigned 03.09.2024
Resigned 19.02.2024
Appointed 1410212022 & 0610412022
Secretary Cathal Mccauley
Reference and administratlve detalls
Charfty number
Company registratlon number
Reglslered office
XR29759, NIC IW209
N1034587
Unil C3 & C4 Northside Villa8e Cenlre, Derry, BT48 8NN
Key personnel
Manager
Rory McParland
Advlsers
Auditors
Shaun McGinly & Co (Sialulory Audiior)
44 Woodbrook, Derry. B T48 8FF
Allied Irish Bank
Sirand Road, Derry. BT48 7TN
Hasson & Co
39141 Clarendon St￿et, tkrry, B T48 7ER
Bankers
Solleitors
Page 2

Greater Shantallow Area Partnership Limited
(A company limited by guarantee)
Report of the trustees (incorporating the directors. report)
for the year ended 31 March 2025
Strncture9 governance and management
The Greaier Shaniallow Area Pannership Limited is a charilable company limiied by gu&rantee noi having any share
capiial and regisiered under the Companies Act 2006. The charitable compttny's goveming document is ihe
Memorandum and Article5 of Association.
Board of Dlrectors
The charity is govemed and directed by a voluniary b￿rd which currenily comprises I I people from varied backgrounds
and skill sels. The aim of ihe board is io provide leadership and develop strAte8y as well as lo ensure good governance
and financiol control.
New Board members undergo induciion Iraining to brief them on role5 und responsibililies and their legal obligations
under chariiy and company law. the committee and the decision-making processes. Ihe strategic and operational planning
processes. the organisalional Slruciure and key organisaiional acliviiies.
The Board ensures the good governance of ihe organisaiion by seiiing ils strategic objectives and pulicy direclion
through GSAP'S three year siraiegic plan, and moniioring progress on this ihrough the annual operalional planning
process
Appolntment and Retirement of Dlrectors
Ai ellch annual general meeiing one-IhiTd of Ihe directors who are subject lo reliremenl by rolation shall relire. The
direeiors to reiiTe shall be those who have been longest in office from their lasi appointment or reappoinimeni. If the
company does not fill the vacancy the retiring dircLtor shall be deemed to have been reappoinied unless ai the meeting it
is resolved not to fill Ihe vacancy or unless a resolution to reappoini ihe dir¢¢tor is pul to the meeting and is losl.
BoArd Meetlngs
The iK)ard of direciors met 5 limes durin8 the yeur and Ihere were usually 6 direciors in aiiendance. These meeiings
include a meeting in January 2025 when ihe March 2024 accounts were approved.
Officer Board
There is also a smaller Officer Board, which consists of the Chairperson, the Company Secrelary and the Treasurer.
which is constiluled by Ihe company and which meets whenever requiied during the year. The Officer BoaTd would
usually meel a couple of limes each year. The main meeting of Ihe O￿le¢r Board 1% the mc¢liDg to discuss and review the
rinancial slaiemenis for the year. Following on from (his Officer Board meeiing Ihe full Accounis are p￿sented lo and
dpproved by the full Board of Direciors ot ihe company's AGM.
Senlor Managemenl
The Manager. appoinlcd by the Board, manages the day to day operolions of the or8anisa(ion. To facilitaie effective
operalions, Ihe Manager has dele8aied auihorily for operaiional m&Liers including the application and moniloring of
siraie8ic and operational objectives, aiiends all board meeiin8s and updalcs the dir¢¢iors on the charity's current finoncial
aTMI operational posiiion.
AII GSAP project staff report directly to the project manager.
Compll8nc¢ wlth Sector-wide t*8islation and Standards
The charity engages pro-actively wilh legislation. siandards and codes which are developed for the sector in the UK and
Northern Ireland. The charity subscribes to and is compliant with Ihe Companies Act 2(K16; The Charilies SORP (FRS
1021 and Ihe Charities Acl (Northern Iielandl 2(X)8.
Health and Safely
The charily ensures the well-being of Lis employees, clients and customeTS through Ihe slricl adhe￿nce to health and
safety Standards. Sysiems are in place to ensure thal employees Mre aware of and imple￿nI the charli￿S healih and
safety requirements. Employees are requiTed to Work in a safe manner as mandated by law and besi praciice.
Page 3

Greater Shantallow Area Partnership Llmlted
(A company limited by guarantee)
Report of the trustees {incorporating the directors, report)
for the year ended 31 March 2025
Risk Management & Prfjnclpal Risks
The directors have examined Ihe major slrniegic, business and operational risks which the charity faces and confirms that
systems have been esiablished 10 enable regular reports to be produced so that Ihe necessary slep5 cnn be laken to lessen
these risks. The principal risk to the charity is if ils core funding was not renewed by Dfc. The charity has esiablished a
risk management prrKess, which will ensure thai the or8anisaiion manages and mitigates risk in line with the agreed risk
of the organisaiion. The charity mainiains an Issues log and Risk register whlch are reviewed regularly and iicled upon
by the Board. Having primary responsibility for risk managemeni, the Board r¢gulaTly consider Ihc main strate81C.
business and operational iisks facing Ihe chariiy. The directors confirm effective contro15 and reFM)rtin8 systems are in
place 10 lessen Ihese risks,
Objecllves and actlvltles
Thc company's objects are lo promole Ihe benefit of Ihe inhabil&nis of the Greater Shantallow Area wiihoui distinciion of
gender. race or political, religious or oiher opinions by advancing education, relieving poverty, preserving health and
providing facililies in ihe inieresis of social welfare for recreaiion and leisure lime occupation with the objeci of
improvin8 rh¢ ¢ondilioDS of life for Ihe said inhobiiants,
Alm5* Activities & Publlc Beneflt
We review our aims. objective5 and activities each year. This review looks al what we achieved and the outcomes of our
work in the previous 12 nionths. The review looks al ihe success of each key aciivily and Ihe benefi15 they havL bruughl
to those Broups of people we are set up 10 help. The review also helps us ensure our Aim, objectives and aclivilie5
remained focused on our siaied purposes. In selling our objectives and planning our ￿tIVitIeS for ihe year. Ihe Irustees
have given careful ¢onsideralion io the Charity Cornmission for Nl's guidance on public benefit 10 ensure Ihai (he
aciivilies have helped lo achieve ihe charity's purposes and provide a benefit lo the beneficiaries.
To effeclively deliver on our purpose and meet our objectives, GSAP currenily ernployed 21 siaff (15 full lime & 6
pllrt-tinie) and buy in when required a range of specialised service providers such as speech and lansuage therapist.
coun&cllors and essential skills tutors and other industry specific tutors nnd facilitators whenever this is necessary 10
ensure Ihe benefit is provided lo our beneficiaries.
The INstees can confirm Ihal there has been no harm flowing from its purposes.
The focus of our work
Our main objeciives for the year continue 10 be improving ihe quality of life of residents living wiihin Ihe Greater
Shaniallow. Outer North &nd Ballyarneit DE area, The strategies we used lo meet Ihe5e objectives included:
•Providing a broad range of services. programmes and aclivilies io individuals, families and communities wiihin the
Greater Shanlallow Area to help address Ihe problems associated with living in poverty. io help improve residcnt's health
and well-bein8. to increase their skills and qualificaiions and overall improve their qualiiy of lifc.
*Focusing on informing. SllPIK)rtin8 and slrengihening ihe communiiylvoluntary sector operating in Ihe area and
*Working in partnership with other agencies to esiablish social, cornmunity and economic improvements within the area,
develop new communiiy infraslruclure and secure the widest range of services available that helps meet the needs of ihe
population.
Our aims fully reflecl the purposes Ihat the charity was sel up lo further.
Who a￿ Ihe iniended beneficiaries?
*Residenis of all ages living wiihin the Greater.8hantAllow l Outer North l Ballyarneii DE Area
*CommunilylVoluniary groups operating wiihin Ihc Grealer Shanlallow l Outer North l Ballyarnelt DE Area.
How Our Aellvltles Dellver Public Benefit
Putting Ihese strulegies into aciion for our inlended beneficiaries. GSAP has (3) three major areas of aciiviiy under ihe
themes of 'A Lcarning Communily,. 'An Influeniial Community, and 'An Aeiive Community,
Page 4

Greater Shantallow Area Partnership Limited
(A company limited by guarantee)
Report of the trustees {incorpora¢lng the dlrectors, report)
for the year ended 31 March 2025
A IRarning Communlty
Provide capacity building, technical Assisiance in communiiy developn]ent and good governance and financial
informationladvice and support wilh funding klpplicationslienderslfundraising 10 Cofflmunitylvoluniary groups each year.
Provide local, acc¢ssibl¢, comprehensive personal developmcnl and training (formallinformal) lo residents each year
Train and support existing fronl-line workers each year
An Influenlal Communlty
Or8anise 8ndlor facilitate neiworking events each year with local residenis. govemmeni agencies and
communitylvoluntary groups and a series of partnership rneetings to advance the physical and social re8eneralion of ihe
area. promote social inclusion and mainlain linkages wilh key organisaiiort.
*Annually. encourage and support GSAP staff & Direciors, local communily1inie￿sl groups and residents to seek
andlor rnuinlain represen(aiion on communitylvolunlary and slalulory bodies ai a sira(egic level.
An Actlve Community
*Recruil, train and support volunieers each year
* Work wilh a range of partners lo actively engage residen15 in Ihc lif¢ of the community, improve their qualily of life
and secure inve51menl to upgrade existing and develop new community and social infrasiruciurelfaciliiies in lh¢ area,
*Throu8h project development. advice, information, support and lor projeci managemeni proiectj safeguard 10 exisiing
iniegraied communiiy led, local scrvices and help develop new integraied community led local services each year to
meel Ihc needs of local residents and improve Ihe KKial, community and economic well-being of the area.
Achievements and perfonnanee
Fin&nciAI Resulls
The churiiy's resulis and finAnciAI position for the year ended 31 Mareh 2025 are as staled in the statement of financial
a¢livilies and balance sheei which are included in Ihis report.
Achievements durlng the year
The mnin achievements and pewformance of CJ.SAP durin8 ihe year are sel oul below. The benefiis are demonslraled
through regular feedb&ck from individuals, famili¢s, ¢ommunitylvoluntary groups and service users. We meosure impact
using a range of tools (pre 8nd post que51ionaires, examinalionltest resulis. Outcome based Accountability {OBA) report
¢ards, official government 51atiSlics eic.) and, if required. commissioned independen( evaluations of our services. We
engage with service users through esiablished forums and steering groups. We evalua1¢ Jll programmes and make
hanges as appropriate. based on participant feedback.
Key analytical summary points under each theme are as follows:
A Learnlng Communlty
37 local comwnunilylvoluntary groups weTe provided wilh capacily building and iechnical assistance in communiiy
development and good governance, which helped to build iheir confidence. increase Iheir skills nnd enhllnce iheir abilily
lo effect change for Ihemselves and iheir cornrnunily. In addition, group.s received financial info ladvice and 5UPPQrt
compleiin8 funding applications. which enabled Ihem io leam new skills in relation to fundraising and improve their
abiliiy to access, secure. and manage addiiiotml financial resources efficiently und effeclively Ihus helping lo sustain
their aciivilie51services.
28 existing front-line workeTS were provided wilh Iraining and support in areas such as Good GovemAnce Training,
Finance for Non-Financial Managers Training. Child Proiecrion Training, First Aid trAinin8 elc, which enabled them lo
build their knowledge and skills. promoie gwd governance, engage betier wilh ihe communilies they serve and
coniribuie io communiiy building iniliaiives.
7 Communitylvoluntary groups received advice, information and ongoing support lo register as a charity with the Charity
Commission and complete their Onli￿ annual returns.
Page 5

Greater Shantallow Area Partnership Limited
(A company limited by guarantee)
Report of the trnstees (incorporatfjng the directors, report)
for the year ended 31 March 2025
A Learnlng Communlly contlnved
1,420 children aged O to 3 years participated in a range of early inlervenlion programmes Ihroughout our Talking lo Our
Babies programme and 929 paren15 of children aged O 10 3 years old participated in a range of early
iniervenlionlpa￿Th1lng support programmes with An additional 69 parentslcarers completing job specific training such as
Makalon. Aulism level 2 & 3, Child Proleciion, Paediairic First Aid.
554 parenislearers and 605 children Mnd young people compleied our 8 week Families Connect programrne. Facr.
168 residents participated in the GSAP Success North West programme. funded vi& the Shared Prosperity Fund.
completing 289 educalional quulificalions in cour.ses such as FiTsI Aid, Mcntal Hcalih Firsl Aid, CSR, Food Hygiene.
COSHH, Infeclion Control, Working al Heights, Food safely, Manual handling. Forklift induction, Abrasive Wheels, H
& S in Caiering and a range of sofi skill sessions. In addition. 55 participants gained employmeni as a ￿sU11 or
participation on the Success North West Programme.
GSAP compleied 5 cross communiiyl 8ood relaiions outreach programmes during the year. These included ihe annual
"Heart of the Community" festival in partnership with Si Brigid's College which was aiiended by over 300 local
residents. Ihe Skeoge Health Foir - Cmss Community Iniliaiive and the African Caribbean Festival. GSAP facililaled the
delivery of a Traveller Support Iniliaiive in (he Outer NortldBallyarnell DE area during the March 2025 year.
GSAP provides ongoing support infraslruclure. lechnical assistance and advice io a WHSCT employee based in the
GSAP offices Ai Northside, and are working on creating a dedic4)ted space at Northsidc Community Building for the
Traveller projeci.
An Influentlal Communlly
14 neiworkin8 evenis were organi.sed andlor facilitated by GSAP which enabled loe&l group￿re$]denls 10 share
knowledge. skills. and re.8ources and strengthen and build new relationships. including the Skeoge Healih A¢iion
Research Project in partnership wilh Developing Healiyh Communities, Ihe PHA, local GPS, the Healthy Living Centre
Alliance, Skeoge Community Association and University of Ulster: ongoin8 networking with Boomhall Trusi regarding
the resloralion of the Boomhall Estaie and stables,. the Food Poverty Partnership 10 iockle the on80ing issue of food
poverty; DE'S Reducing Educational Disadvaniage Initiative; Save The Children and G5AP's ETHOS Family Suppon
Hub in order 10 secur additional resources to facilitaie Ihe delivery of a range of Summer & Winier of Play acliviiies for
local disadvaniaged families: ongoing networking with APEX Housing Association regarding ihe redevelopment of the
vacant lands al Skeoge into new sociavcommunily facilities; ongoing Work and support lo aid Ihe redevelopment of Ihe
Galliagh Linear Park. ongoing work with (he Healih Living Cenire Alliance of which GSAP became o formal mcmbcr in
December 2024; and the on80in8 panncrship with DC & SD Council in order 10 develop the new PeacePlus funded
"Skcog¢ Uniicd" pr()j¢cl. th¢ H IIH2 Housing Developmcni $i¢ering Group. the Afiican Caribbean Community Network,
and the Derry Traveller Support Hub.Ongoing networking wilh Outer North NR Partnership, DC & SD Council and a
range of local providers, including On Street Comniunity Youth Initiative. Skeo8e Communily Associalion. Culmo
Communily Partnership, Shanlallow Youih Intervention Group, Galliagh Residents Associaiion. Rainbow Child &
Family Cenire, and Galliagh Communiiy Centre, to Secu￿ a range of funding opponuniiies, including a consensual grant
of £87K durin8 ihe March 2025 ycar lo undcrpin community scrvices across Ihe Ballyawnell DEA. wilh GSAP assuming
the lead partner role for this programme. The charity also encouraged and supported GSAP siaff & Directors. local
communilylinlercsl groups and ffsidenls lo seek andlor maintain ￿preSentatIOn on 20 city wide bodies that operate al a
strategi¢ level, including Success North West - Employment Support Initiative. NIHE Housing Community Neiwork.
Family Support Hubs (HSCB) CYPSP; Galliagh Linear Park Deyelopmeni sieerin8 Group. DENI I DOJ 2024125 "Wrap
Around Educaiional Support Projeci": Skeoge Lands Sieerin8 Group. WHscf lJ)cality Planning Group:
Neighbourhood Healih Improvement Project {NHIP)' Foyle Women's Information Network., Wesiern Areas Oulcome
Group. the Healthy Living Cenire Alliance,, Outer North & Ballyarneit Local Growth Pannership. Outer North Extended
Schools Sl¢¢ring Group; Skeoge Health Action Resear¢h Group; Family Support Hubs- Task & Finish Group and
Galliagh Sports Facilities Steering Group. DC & SDC5 Consensual Grant Making Pilot Programme. DC & SDC'S Peace
Plus Partnership. H IIH2 steering Group. and Shaniallow Community Suppon Pannership elc. GSAP organised andlor
facilitafed a series of partnership meeiin8s. 14 project ideas io advance the physical and social regeneration of the area
and to promote and mainiain linkages with key organisaiions.. Gallillgh Bu.$ Shelierq: Skeoge Redevelopmenls;
local sporns clubs pit¢h developmenis: Ihe Ballyarnett DEA PeacePlus and Consensual Grant programmes; Ihe Skeoge
Action Research Project; the restoration of Boomhall Eslale. Healthy Living Centre Alliance- Consensual Grant Making
model and the Communily Climate Action fund. RAISE. and ihe new communily facilily at Beraghva]e, supported by
APEX Housing Association.
Page 6

Greater Shantallow Area Partnership Llmlted
(A company limited by guarantee)
Report of the trustees (incorporating the directors, report)
for the year ended 31 March 2025
An Actlve Communlty
57 volunteers were ￿c￿l￿d. trained and supported to participate in comrnunily development work. events and
progfammes wiihin ihe Greater Shanlallow Area.
Provided ongoing infornialion and advice lo over 40 communitylvoluniary 8roup5 through electroni¢ newsflashes. GSAP
facebook. Skills North West facebook, Talking to Our Babies facebook. ETHOS family support facebook and ASPIRE
facebook.
13 communiiylvoluniAry 8roups received assistance in completin8 54 AC￿Ss Nl checks through GSAP as part of the
recruitrncnl process for staff and volunteers.
Local Project Hlghlights
During the MAreh 2025 year the charity secured financial funding packages from boih Ihe Department for Communilies
and Donegal County Council to enable improvement works to be carricd vul on the charity's premises iin Nonhside. The
funding included a Dfc granl of £24,326 and £28,524 from Done8al County Council under the Communily Climaie
Action Pro¥Tammc. The work undertaken with these fu nds included a compleie up8rade of the elecirical and lighting
systems and the inslallalion of PVC doors and windows. Further funding has also been secured from the Lotlery's
Sustainable Buildings Programme to enrry oui further building works including insulaiion improvements and this
funding and relllied costs will be recognised in ihe subsequeni financial accounts. During the March 2025 year GSAP
conlinued 10 proieci 12 existing local integrated local services managed by GSAP: including the Outer North Community
Support Projecl undcrtaken by 3 staff members
the 5ecrelarial of Ihe Ouier Nonh Neighbourhood Renewal
Parfncrship undertaken by I 51aff member. Ihc Shaniallow Family Suppon Hub (ETHOS) undertaken by 2.5
staff members. Ihe Greater Shaniallow Talking To Our Babies Project undertaken by l FfE staff member, the ASPIRE
Programme undertaken by l FfE 51aff mcmber, th¢ GSAP Success North Wesl programme undertaken by 2 staff
men)bers; Ihe Gr¢aier Shanlallow Extended Schools Programme 2024125 funded through Ihe EA exiended .schools
programme. (he Ouier Nonh Families Connect Project undertaken by I slaff member. Ihe Grealcr Shaniallow
Foodbank, the new Skeoge Community Hub al Clon Dara in partnership wilh APEX and the Big Lotiery (4 siaff &
2 pfE stafo. the employmenl of 2 $18ff as play park oiiendanls, the DENI Wrap Around Edu¢aiion Support
programme lead by DENI Jnd funded ihrou8h the DOJ Tackling Paramiliiarism programme.
Local Project Hlghllghts continued
During the M￿ch 2025 year Ihe charity also continued the developmeni of 4 new integrated community led local
services, including: ( l ) the Family support service at Skeoge. which 15 fund¢d by the Trusihouse Chariiable Foundaiion
and Apex Housing Association for 3 year5 and which provides an easily accessible family supw)rt service in thc heart of
Skeoge; (2) the Skeoge Play Parks mainienance service, operaled under a SLA with Apex Housing for the upkeep and
mainienance of Ihe 6 play parks in Ihe area and which has enabled ihe chariiy io employ 2 part-lime aiiendanis., (3) the
Skeo8e Health Action Research projeci. Sei up to deliver a compr¢hensive community led healih inequalities research
project wilh local residenis and the BallyaTneil DEA Consensual Grant prograrnme which secured £87K in funding for
28 local projecis delivered by 19 local organi5ations. During the March 2023 year the charity continued 10 manage the
Skeoge Communily Hub. and the ccounls include anoiher 12 monihs of funding fiom Ihe Big Lottery under the 4 year
funding agreement which commenced in September 2021 iogeiher with the matchin8 expenditure.
Local servlces provided
Solne of Ihe sland out results for March 2025 year deTived from ihe iniegrAted local services included:
165 adults and 277 childrenlyoung people) were able lo access inlerveniionlireatmeni services Ihrough the family
support hub, and 214 of ihose young people were able 10 access specialisi support lo address their needs. During ihe
reporting period the Family Support Hub made over 1,500 outgoing referrals to over 70 local providers. intervention5
and support services.
307 Year 8 pupi15, across 2 academic years. allending Si Brigid's College in Sepiember 2024 accessed & rnnge of
personavsocial development and health programmes as part of ihe ASPIRE programme
190 local residenls participated in healihy lifestyle programmes such as Tai Chi. Chair Aerobics. walking club,
Fef50nal development, Swimming. Minding me programme, Restore Nutrition, Outdoor Boot camp, Yoga clc thus
reducing social isolation and improving iheir overall healih and well-being.
870 young people uiiending I(￿al schools accessed a range of exlended school pro8r&mmes and services such as
COU115elling• speech Iherapy, outdoor environmenlal education programmes and liieracy and numeracy tuliion eic,
Page 7

Greater Shantallow Area Partnershlp Llmited
(A company limited by guarantee)
Report of the trustees (incorporating the directors, report)
ror the year ended 31 March 2025
Flnanefial revlew
Financial Review
The resulis of Ihe financial year are set oul in the Siaiemeni of FinanciAI Aciivities and additional notes are provided in
the accounts showing income and expenditure in 8realer detail. During the year ended 31 March 2025 the charily had
total income of £1.122,416 (2024.'£1,282.873) and costs of £l.110.889 {2024;£976,579) resulting in a Surplus of
£11.527 (2024.. £306,294) for ihe year.
Extended Schools
During the year ended 31 March 2025 the charity again Th￿￿aged thc EAtended Schools pro8ramme for a cluster of
schools in the area. The Exlended Schools programme generated income of £67.234 12024:£60.761) and incurred
project costs of £60,734 (2024:£54,761), The charity's management of the Extended Schools programme 8enerated an
unreslricted surplus of £6,500 (2024: £6,000) which weni towards meeting the charity's unfunded operaiing costs. As ai
31 March 2025 debtors include a balAnce of £38,328 (2024:£40,025) Telaling to extended schools claims ow¥d,
Soclal Capltal ( North West) CIC
The year ended 31 March 2025 financial slalements include a donation of £0 12024..£0) 10 ihe Ch￿IlY from Social
Capital (North West) CIC, the Iradin8 Company that it owns and operates. AS at 31 March 2025 debiors include £5.580
(2024: £5,357) owed by Social Capital (North Wesi) CIC.
Derry Clty & Strabydne District Councll Fundlng
Thc year ended 31 March 2025 accounls include grant income of £115,128 (2024:£65.640) from the Disirici Council.
The main 8ran15 received from council included aproximaiely £15,oIXI under the consensual fund, £12,0(K) under Ihe
venue fund and £37,443 under ihe community support fund. The accounis include £96,335 (2024:£53.730) of malching
expenditure relating to the various programmes funded Ihrough the Dislrici Council. As al 31 MaTch 2025 current assets
include £14,145 (2024.. £24.280) of 8ranls owed by Ihe counci and deferred income of £52,937 for granis received in
advance,
Department for Communltles fundlng
The financial slalements include £447.907 (2024..£425.504) of grani income from the Dfc during the year. This grani
income is malched with the wages CL)%is and overhead cth%is for the different projects operaied by the charity thai Dfc
funds. As ai 31 March 2025 debtors in¢lude £71,586 {2024..£39,530) of grani claims due from Dfc while deferred
income in cuffenl liabililies includes £17,905 (2024-£8.427) of Dfc grants received in advance.
The Calalyst Project - Big Lottery Funded
The year ended 31 March 2025 financial statements include £117,764 (2024..£115,572) of grant in¢ome from Big
Lotiery tO8ethcr with ihe related matching expenditure for ihe Catalyst Project which operate5 from the Skeoge
Community Hub. This funding slarted in September 2021 and is lo run for 4 years. As ai 31 March 2025 current
liabililies include deferred income of £59,180 (2024..£57.301) relating to ihe Big IAbtiery grant received in advance. The
deferred income and related matchin8 expendilure will be recognised in the subsequent financial siaiemenis.
Going Concern
The vArAous Dfc fundin8 was again renewed for another year to 31 March 2026 and Ihe board are confidenl that Ihey
will continue to be awarded new core funding and a5 such have no ¢on¢¢rns with regards lo the going-¢oncern siaius of
the charity. However the charity'5 ability lo coniinue as a going-concern is dependenl on coniinuin8 10 receive core
funding. Should the charity not 8el il's core funding renewed il would be likely ihat li would noi be able to continue and
the going-concern basis for preparing the accounis would no longer be appropriate. It is currenily expecled thul the
various funding will coniinue to be made available to (he charity and as such ihe going-concern basis remains
appropriate in preparing the financial slalemenls.
Page 8

Greater Sh2ntAllow Area Partnership Limited
(A company limited by guarantee)
Report of the trustecs (incorporating the dlreclors, report)
for the year ended 31 March 2025
Reserves Pollcy
Lt is ihe policy of the charily io seek io maintain liquid funds at a level thal would enable il to operate for a reasonable
period should funding be reduced or stop￿. The charity's airn is lo build up ihe Unresiricled Funds General Reserve to
provide for fulure cosis and coniingencies that would arise in the event that funding was reduced or stopped so as to
allow for ihe orderly windin8 up of Ihe charity. Any funds generaied through projects organised by ihe charity arc used
to cover non-funded operating costs and wages.
The ¢h8ftty's Unffstrlcted funds balance ai 31 March 2025 stood at £ 201,899 (2024..£164.251). This represenis
unreslricted funds available io Ihc charity to cover both ongoing unfunded c0515 *ind would also be available to meet
costs in Ihe event that Ihc charily was lu lose ils core funding if Ihe board needed to effect the orderly winding up of Ihe
charily. The COSIS lo be covered in this situaiion would include all unfunded redundancy and other overhead cosis to be
incurred during that period.
Transactlons Involvlng Trustees
Any contrac15 entered into by the charily during the year Whe￿ irusiees hAd any interests are as detailed bn ihe Relaied
Parties note in the financial staiements.
Events after the Balance Sheet Date
l ) Posi year end the chariiy has obtained a number of funding offers to enable it to carry oui work on ihc premises,
including £50K to insiall solar panels & related battery storage equipment and £36K lo r¥pla¢e the security shuiiers on
the building, This fundin8 together with Ihe related c051s will be recogni5ed in the March 2026 financial slaiements.
2) While ihe 2025 year funding applica(ion that the charity was involved in preparing & submiitin8 for rhe
redevelopment of Boom Hall was not successful, Ihc charity's board continue 10 be hopeful Ihal Ihere can be further
developments with Ihis poieniial project in Ihe future & will continue lo explore potential funding for the project,
3) The 4 year fundin8 application lo the National Loiiery Community Fund for Ihe Skeoge Hub project, approved in
June 2021 and arnounling lo approximately £478K. Started lo be drawn down in September 2021 and the March 2025
accounls include arlother full year's figures relating lo the matchin8 income and cxpcndilure for the projeci. The income
and matchin8 expendilure for the remaining 6 monihs of Ihe project will be recognised in Ihc March 2026 8¢¢ounis as
the project conlinucs. Post year end ihe Lotiery approved ihe use of any 8ranl underspend from Ihi$ funding 10 be used to
meei further project cosls up lo the end of 2025.
Plydns for future perlods
In future financial years GSAP will continue lo develop relaiionships wilh key agencies responsibl¢ for deliverinB
services within Ihe area and work wilh local residents, local organisatiL)ns, schools, ¢ommuniiy groups and sialutory
a8encics to dcvelop posilivc Changes in Ihe qualily of life of disadvantaged families and neighiK)urhoods thus ensurin8
comprehensive social inclusion. GSAP staff and the Board of Director5 will work hard 10 remain al Ihe centre of ILKal
developmenl. This will bc achieved by working even more Closely with local residen15 and communiiy & volunivy
groups in the area, remainin8 actively involved in the delivery of the new Ballyarneii Community Plan. Ihe Derry City &
Sirabane Disirici Council Area Sirategic Growih Plan llnd the delivery of the Outer North Regeneration Plan,
coniinuously iden(ifying the need And pulling forward Sound cases for investment and grasping opportunities that may
aris¢ from new government policies and inilialives such as the City Deal.
The charity will conlinuc lo aaively seeking the additional funding and fin&nci81 support needed to enable li 10
redevelop and Improve the Community Building ro make li fil for purpose Boing forward. Any P4ddiiional works on the
charli￿S premises is dependent on first securing the necessary funding. Post year end the chJrily has secured
approxirnalely £50k of funding from the Nalional Lottery to install 501ar panels and batteries and approximalely £36K of
funding froffl Dfc lo replace the se¢urily shutlers al ils Northside premises. It is hoped thal boih of Ihese projecis will be
completed before the end of the M￿ch 2026 year. The charity has also submiited an applicaiion io Dfc for funding io
replace the C￿￿ent healing sysiem with a more efficient modern gas sysiem. This application hasnl been approved yet
but the ¢harily is hopeful ihai li will be approved before the end of the March 2026 financial year and if li is approv¢d
the charily will start this projecl straightaway. The charily has also seCU￿d a further £19k of fuT)ding from the Lottery's
Dormant Accounts Fund 10 produce a new strategic development plan for the organisation and to upgrade it5 eniire IT
infrastructure. Fuiure developments, based on ihe organisalional review that took place during Ihe year, include the
redevelopment of the internul offjce space into modem fit for purpose olfice accomodaiion.
Page 9

Greater Shantallow Area Partnership Llmlted
(A company limited by guarantee)
Report of the trustees (incorporating the directors, report)
for the year ended 31 March 2025
Later in 2025 the eharily will have been in exisiance for 30 years and Ihe Board intend lo hold an event to mark this
mileslone. Furtherwnore the charity conlinues to work wilh all local interested groups and bodies with regards to
progressing the plans and proposa15 for the regeneration of Boom Hall.
Statement as lo dlsclosure of Information to auditors
In so far as Ihe Iruslees are aware:
Ihere is no Yelevani audii information of which the charitable company's audiiors are unllware; and
the trustees have Imken all sieps that they ought lo have taken lo make themselves aware of any relevant audil
information and lo esthblish that the auditors are llware of that inforniation.
Statement of tnjstees, responsibilities
The irusiees Iwho are also directors of Greater Shanlallow Area Partnership Limited for Ihe purpose of cornpany law) are
responsible for preparin8 the Trustees, Annual Report and the financial siaiements in accordance with applicable law
and United Kingdom Generally Accepied Accountin8 Practice.
Company law and the Charilies Aci (Nl) 2008 requi￿ the trustees lo prepare financial 51alemcnls for each financilll year
which give a irue and fair view ol rhe slate of affairs of the charitable company and of the incoming resources and
application of resources, including the income and expendiiure, of the chariiable company for thal period. In preparing
these financial siaiemenis, Ihe trustees are required lo:
sele¢1 suitable a¢¢ouniing policies and then apply Ihem consisiently:
observe the rneihods and principles in ihe Chariiies SORP;
make judgements and eslimales that are reasonable and prudeni:
stale wheiher applicable UK Accounling Siandards have been followed. subjeci 10 ony maierial departures disclosed
and explained in Ihe financial statements., and
prepare the financial slalemenls on Ihe going concern basis unless li is inappropriate lo presume thai the chariiable
company will continue in operation.
The tnislees are responsible for keeping proper accounling records which disclose with reasonable accuracy at any lime
the financial position of ihe chariiable Compnny and which enable them to ensure that the financial siatemenis comply
wilh ihe Companies (Nonhern Ireland) Order 1986. They are also responsible for safeguarding Ihe assets of the
chafiiable company and hence for iaking reasonable steps for the prevenlion and detection of fraud and other
irregulariiies,
Page 10

Greater Shantallow Area Partnership Limited
(A company limited by guarantee)
Report of the trustees (incorporating the directors, report)
for the year ended 31 March 2025
Audltors
Shaun McGinty & Co (Statutory Auditor) are deemed to be reappointed in accordance with Section 487(2) of ihe
Companies Act 2006.
On behalf of the board
81 Mccauley
Secretary
Charles McDald
Dlrector
Martln Connolly
Director
19 December 2025
Page JI

Greater Shantallow Area Pydrtnershlp Limited
(A company limited by guarantee)
Independent auditor's report to the trustees of Greater Shantallow Area Partnership Llmlted
Report on Ihe audit of the financlal statements
Oplnlon
We have audited the financial slatemenis of Greaier Shanillllow Area Partnership Limited for the year ended 31 March
2025 which Comprise ihe Siaiement OF Financial Activities. Ihe Balance Sh¢¢t, lh¢ Cash Flow Siatemenl and the related
notes to ihe financial slaiemenis, including a summary of signifi¢aT)l accounting policies sel Out in note l. The financial
reporting framework Ihai has been applied in their preparation is applicable Northem Ireland law and FRS 102 "The
Financial Reporting Siandard applicable in the United Kingdom and Republic of Ireland and Ihe Accouniing and
Repurting by Charities. Sialemenl of Recommended Praciice (Charities SORP) applicaljle io chariti¢s prep&ring their
accounts in accordance wilh FRS 102.
n our opinion the financial sialemenis..
give a irue and fair vi¢w of the IL88eis. liabiliiiesand financial position of the charitable company's affairs as at 31
March 2025 of ils incomin¥ resources and applicalion of resources. including its income and expendiiure, for Ihe
year then ended:
have been prO￿rIY prepared in accordance wilh FRS 102 "The Financial Reporting Siandaid applicable in the UK
and Republic of Ireland" as applied with regards to Ihe Charaiies SORP,, and
have been properly prepared in accordance wilh Ihe requirements of Ihe Companies Aci 21J)6.
Basls of oplnlon
We conducled our audit In Accordance with Inlernalional Standards on Auditing (UK) IISAS UK) and applicable law.
Our responsibililies under those standards are further described in the Audiior's responsibilities for the audit of ihc
financial staiements section of our report. We are independeni of ihe charity in accordance with ethical rcquiremenls that
are relevant 10 our audil of financial siaiemenis in the UK and Northern Ireland. including Ihe FRC'S Ethical Standard for
Auditors. and we have fulfilled our other ethical respon5ibililies in accordance with ihese requiremcnls. We believe Ihai
the audit evidence we have obtained 15 sufficienl and appropriate to provide a basis for our opinion.
We have undertaken the audil in a¢¢ordan¢e wilh the requirements of APB Fihical Standards including APB Eihical
&andard - Provisions Available for Small Enlilies. in Ihe circumst&nces sel out bclow..
In common wilh many oiher businesses of our size and nature we use our auditors to prepare and submii returns lo the
x authoriiies and assist with the preparation of the financial slalemenls,
Conduslons relatSng lo golng concern
We havc nothing to r¢port in respect of ihe following matters in relalion to which ISA (UK) require us to report to you
where..
the (rusiees use of the going concern basis of accounling in Ihe preparation of the financial sta￿Men(S is noi
appropriate" or
(he trustees have noi disclosed in the financial statements any identified material uncertoiniies ihal may easi
significant doubt aboui the charity's abiliiy lo conlinue 10 adopi ihe going concern basis of accounting for a period of
at least iwelve months from the dale when the financial statements are auihorised for issue.
Other Informatlon
The Iruslees are responsible for the other information. The other information comprises Ihe information included in the
annual report othcr than the financial slntemenls and our Auditor's Report Ihereon. Our opinion on Ihe financial
statements does not cover the other information and. except to the extent otherwise expliciily siaied in our report, we do
nol express any form of assurdnce conclusion thereon.
Page 12

Greater Shantallow Area Partnership Limited
(A company limited by guarantee)
In conneciion with our audit of the financial slalernents, our responsibility is 10 read the oiher informaiion and. in doing
so, con8ider whether ihe oiher infortnation is maierially inconsislenl With the financial staiemenis or our knowledge
obiain¢d in the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether there is a rnalerial misstaiement in ihe financial
stalements or a malerial mi551atemeni of the oiher informaiion. If, based on ihe vlork we have ￿rformed. we conclude
there is a materiAI missiatemeni of ihis oiher informaiion. we are required io report Ihal fact.
We have nothing 10 report in this regard.
Oplnlons on olher malter prescribed by the Companies Act 2006
Based solely on Ihe work undertaken in ihe course of Ihe audit. we ￿port Ihat..
In our opinion. Ihe inforn)aiion 8iven in the Trustees. Report is consislenl with ihe financial statemenls.
In our opinion. the Trustees, Report has been prepared in accordance wilh the requirements of the Companies Act
2(MJ6.
We have obtained all the infomiation und explanlllions which we consider necessary for the purpose of our audit.
In our opinion. the accounting records of ihe charity were sufficieni 10 permii the financial slatemenis lo be readily and
properly audiied. and Ihe financial siatements are in a£reen￿nI with the accounling records,
Matters on whlch we are requlred to report by exceptlon
Based on the knowledg¢ aNI understanding of Ih¢ chariiy and ils environment obtained in Ihe course of Ihe audit. we
have not idenlified any malerial mi551atements in Ihc Truslecs, Rcport,
We have nothin8 to rew)rt in respect of the following mallers where the Companies Act 2(M]6 requires us lo report lo you
if. in our opinion:
adequaie accounting records have not been kepi or reiums adequate for our audii have not been received frorn
branches nol visiied by us; or
ihe financial siaiemenis are noi in Agreement with Ihe accouniing records and reiurns; or
certain disclosures of trustees, remuner&iion specified by law are not made. or
we have nol received all the informalion and explanations we require for our audit- or
Ihe Irusiees, were noi eniiiled 10 P￿ pare the financial siaiements in &CCLirdance wilh ihe small companies regime and
lake advania8e of Ihc small companics cxcmplion in prcparin¥ Ihc Trusiecs, Annual Report.
Respeetlve responslbllltles
Respectlve responslbllltles of the truslees
As explained more fully in the Trustees, Responsibililies Siatemenl sel oul in the Trustees, Report, the Iruslee5' (who are
150 direciors for the purposes of company l&w) are responsible for ihe preparalion of the financial siatemenis nnd for
being satisfied that they give a true and fair view. and for such internal conirol is they deiermine 18 nece&s8ry lo cnablc
the preparation of financial siaiemenis Ihat are free from malcrial misstatem¢nls, wh¢ther du¢ 10 fraud or error.
In preparing ihe financial siaiements. the trustees are responsible for assessing Ihe chariiy's ability lo conlinue as a going
concern, disclosing, as applicable, mallers related io going concern and using ihe going concern basis of accounting
unle55 management eiiher intends to liquidate the charily or to cease operaiions, or has no realistic alternative bul lo do
so,
Audllors's responslbllltles for the audlt of the flnanclal statements
Our objectivcs arc tv obtain rcasonable assurdnc¢ about whether the financial slalemenls as a whole are free from
malerial rnisstatemenl, whether due lo fraud or e￿Or, and Io issue an Audilor's Report ihal includes our opinion.
Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance wilh ISAS
(UK) will always delecl a maierial misstatement when li exists. Misslatemenis can arise from fraud or error and are
onsidered material if, individually or in the aggregate, they could ttasonably be expected co influence ihe economic
decisions of users taken on the basis of Ihese financial siatemenis.
As part of an audit in accordance with ISAS (UK), we exercise professional judgernent and mainlain professional
sceplicism throughout the audit. We also..
idenlify and assess the risks of material misslalemenl of the financial slatements, whether due to fraud or e￿or.deSign
and perform audit procedures responsive to those risks. and obiain audit evidence that is sufficient and appropriaie to
provide a basis for our opinion. The risk of not detecting a material misstatement ￿Su111n8 from fraud is higher than
for one resultin8 from error, as fraud may involve collusion. forgery. intentional omi55ions. misrepreseniations. or the
override of iniernal Conirols.
Page 13

Greater Shantallow Area Partnership Limited
(A company limited by guarantee)
Obiain an undersianding of iniemal control relevant 10 the audit in order to design proceduTes Ihal are appropriat¢ in
Ihe circumstances, but noi for the purpose of expressing an opinion on the effectiveness of Ihe iniernal control.
Evaluate Ihe appmpriaieness of accouniing policies used and ihe reasonableness of accounting eslifflales and related
disclosures made by the trustees.
conclude on the appmpriaieness of Ihe dir¢¢iors use of ihe going concern basis of accounling and. based on the audil
evidence obtained, whether a mai¢rial uncertainty exists relaled to evenls or condilions Ihat may cost significani doubi
on the charily's abilily lo continue a5 a going concern. If we conclude that a malerial uncertainly exists. we are
required lo draw allenlion in our audiior's report io ihe related disclosures in the financial slalemenls or. if such
disc105ures are inadequate. 10 modify our opinion. Our conclusions are based on ihe audit evidence obtsined up lo Ihc
date of our audilofs report. However, future events or condiiions may cause the charily lo cease to continue as a
going concem.
Evalua(e ihe overall presenlalion. Slruciure and conteni of ihe financial slalemenls, includin8 the disclosures, and
wheiher the financial staiemenis represent the underlying Iransaciions and evenis in a manner Ihal achieves fair
preseniniion.
We comrnuni¢aie wiih those eharged with governance regarding, among other mallers. the planned scope and timin8 of
the audil and significant audit findings, including any significant deficiencies in internal control ihat we identify during
our audil.
The purpose of our audlt report and to whom we owe our responslbllltles
This report is made solely lo the charity's trusiees. as a body, in accordance wilh Chapler 3 of Part 16 of ihe Companies
Act 20￿. Our audil work has been undertaken so thal we might slaie to the charily's Irusiees those matters we are
required 10 state to ihem in an auditor's report and (or no other purpose. To Ihc fullest extent permiiied by law, we do noi
accept or assume responsibility lo anyone other than the charily and the charity's trust¢¢s as 4 body, for our audit work,
for this report, or for ihe opinions we have formed.
Shaun McGinty (S
nlor StatutoryAudltor)
'or and on behalf of Shaun McGinty & Co (Statulory Audltor)
Chartered Accountants and
Reglstered Audltors
44 Woodbrook
Derry
BT48 8FF
19 Deeember 2025
Page 14

Greater Shantallow Area Partnership Limited
(A company limited by guarantee)
Statement of financial activities (incorporating the Income and expenditure account)
For the year ended 31 March 2025
Unrestricted Restricted
funds
runds
2025 Unreslrlcted Reslricted
Total
funds
runds
2024
Total
Notes
Income
Income from generating funds..
Income from donalion5 and legacies
Income from other trading activities
Other income
12.050
77.369
5,(X)O
967,263
60,734
979.313
138,103
11.955 1,137,174 1,149,129
73,983
54,761
128,744
5.CKIO
Total income
94,419 1,027,997 1.122.416
90,938 1,191.935 1,282,873
Expenditure on
SIAff cosis
Esiablishmenl costs
ML)ior and Iravelling expenses
Accountancy fees
Audiiors. remuneralio
Legal and professional fees
Communications and IT
Oiher office expenses
Interest payable and similar charges
Depreciation and impairmcnl
Loss on disposal of inlangible fixed assets
for the charity's own use
Miscellaneous expenses
Donations
Project cosls - GenerY41
Project Costs - Exiended Schools
Projeci Costs - Dfc ThOB
Project Costs - DC & S D Council
Project Costs - DENI WRAP
Project Costs - Bi8 [￿lIcrY funded
39,250
551,433
96,750
3,592
4,535
590,683
96.750
3.592
4.535
1,1
12.406
4,236
15,187
8,332
41.562
40,874
21.669
1.770
1,760
528,519
69,032
1,976
1,640
569,393
90,700
3.746
3,4QO
1.100
6,639
3.700
16.473
3.020
11.649
.487
10,919
4.236
15.187
6.639
16.472
7,219
8.815
3,020
1,485
32,747
10,164
15
15
4.544
250
31.110
54,761
33.267
53,730
61,845
27,237
5,777
5,777
4.543
250
970
54,446
60.734
32.201
96,335
63,000
20.013
54,446
60,734
32,201
96,335
63,000
20,013
30.140
54,761
33,267
53,730
61,845
27.237
Total expendsture
56,771 1,054,118 1.110,889
78,453
898,126
976.579
Net incomel(expense) resources for the year I
Net Incomol(expense) for the year
37.648
(26.121)
11.527
12,485
293.809
306.294
Total funds brou8hi forward
164,251
301.650
465.901
151.766
7.841
159.607
Totsl funds carrAed forward
201.899
275.529
477.428
164.251
301,650
465,Y)I
The statement of financial acriviiies includes all gains and losses in the year and iherefoie a separaie siatement of total
reco8nised gains and losses has nol been prepared.
All of Ihe above amounls relate lo continuing activities.
The notes on pages 18 to 28 forni #n inlegral part ol these flnanelal s¢alement&
Page 15

Greater Sh8ntallow Area Partnershlp Llmited
(A company limited by guarantee)
Balance sheet
as at 31 March 2025
2025
2024
Notes
Fixed Assets
Tangible assets
Current Ydssets
Debtors
Cash ai bank and in hand
10
349,587
384.523
188.357
283,615
177,297
171,748
471,972
349,045
Credttors: amounts falllng
due within one year
12
(267.591)
(183.832)
Net eurrent assets
204,381
165,213
Total a&qets less current
li&bilitles
Creditors: amounts falllng due
after more than one year
553,968
549.736
13
176,540)
(83,835)
Net assets
477.428
465,901
Funds
Restricted income funds
Unrestricted income funds
14
275.529
201,899
301.650
164,251
Total funds
477,428
465.gYII
The fina
al lalement
re approved by Ihe board on 19 December 2025 and signed o
behalf
harles McDaid
Dlrector
athal McC¥duley
Dlreclor
Ma
In Connolly
Dlrector
The notes on pages 18 to 28 form an Integral part of these financial slal¢ment&
Page 16

Greater Shantallow Area Partnership Limited
(A company limited by guarantee)
Cash flow statement
for the year ended 31 March 2025
2025
2024
Notes
Net income for the year
Inieresi payAble
Lossl(Gain) on disposal of fixed as5¢15
Dep￿cl&lL0n nnd impainnent
Increase in debtors
In¢reasel(Decrease) in crediiors
11,525
8.332
306,294
3.020
15
11,649
(27,786)
(83,465)
41,562
(11.060)
83,842
Net cash Inflow from operating activilles
134,201
209,727
Relums on investments and servicing of finance
Capital expendiiure
23
23
(8.332)
(6.626)
(3,020)
(392.785)
119,243
(7,295)
(186.078)
93.835
Finllncin8
Increasel(Decr¢as¢) in cash in the year
23
111,948
(92,243)
Reconeillatlon of net cash flow to movement in nel funds
24
Inereasel(Decrease) in cash in the year
Cash inCTeasel(decrease) in debts and lease financin8
111,948
7.295
(92.243)
(103,835)
Change in net funds resuliing from Cush flows
Other rnovemenls
19,243
(196.078)
10.000
Movement In net funds in the year
Net funds Vdt l April 2024
19,243
76,392
(186,078)
262,470
Net funds at 31 March 2025
195,635
76,392
Page 17

Greater Shantsllow Area Partnership Lfjmited
(A company limited by guarantee)
Notes to financial statements
for the year ended 31 March 2025
Accounting policies
The principal accounling policies are summarised below. The accounling policies have been applied consisienily
Ihrou8hout the year and ihe preceding year.
1.1. Basts of accounting
The financial slalemen15 are prepared under the historical cost conveniion und in accordance wilh Accounting and
Reporting by Chariiies.. Siaiement of Recommended Practice applicable to chllrities preparing their aeeounls in
accordance wilh the Financial Reporting Stand&rd applicDble in the UK and Republic of Ireland (FRS 102}
(effeciive l J2nuary 2015) - (Chnriiies SORP (FRS102), Ihe Financial Reporting Sthndard applicable in Ihe UK
and R¢public of Ir¢land (FRS102) and the Companies (Northern Ireland) Order 1986,
1.2. Income
All income is included in the sla(emcni of financial activiiies when Ihe charity is enlilled to the income and rhe
mount can be quantified wilh reAsonAble accuracy. The following spe¢ifi¢ policies are applied to particular
caiegories of income:
Donalions arld legacies income, fomierly voluniary income. is received by way of grants, donaiions and gifis and
is included in full in the statement of financial &Ciivilies when receivable. Grants where enliilement is nol
conditional on lh¢ deliv¢ry of a specific peiforniance by ihe charity, are recognised when the chority becorncs
ufteonditionally eniiiled to the grant,
Donated services and facililies are included al the value lo ihe chorlly where this can be quaniified. The value of
5CTvices provided by volunieers has not been included.
Gifts donaied for resale are included as incoming resources within activities for generating funds when they are
sold.
Granis. includirtg grAnis for ihe purchase of fixed assels, are recognised in full in the slatemeni of financiBI
aciivilies in the year in which they are receivable. The March 2024 accoun15 include ioial grani income of
£1,047,629 (2023..£809.451) provided lo the charity by a varieiy of funders lo assisi in mecling ils payroll and
other operaiing cosis and also io assist with ihe purchase of fixed ass¢ls, The charily has fully complied with the
ierms and conditions scl out by the funders in their leiiers of offer.
1.3. Expendllure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditu￿ includes any VAT which
cannot be fully recovered. and is reported as part of Ihe expendiiure io which li relares.
Costs of generaiing funds comprise ihe cosis associated wilh allracting voluniary income and any cosls of trading
for fundraising purposes irteluding ihe chaTily'S shoplcafe.
Charilable expendiiure cornprises those costs incu￿ed by the charily in the delivery of lis Activities and services
for ils beneficiaries. It includes both c0515 that can be allocaied directly to such activities and those cosis of on
indirecl naiure necessary to support them.
Support costs are those cos15 incutred direcily in suppon of expenditure on the objects of the Charity and include
projcct management,
Page 18

Greater Shantallow Area Partnership Limfjted
(A company limited by guarantee)
Notes to financial statements
for the year ended 31 March 2025
1.4. Tangible fixed ￿SSets and depreclatlon
Tangible fixed assets are staled al cost less accumulaied depreciation. Depreciation is provided al rates ¢al¢ulated
to wriie off the cosi less residual value of each asset over its expected useful life, as follows..
Leasehold properties
Fixtures, filtings and equipmeni
Siraighi line over 10 ye&rs
25% and 33.33% siraighl line
1.5. Deflned contrlbutlon pension sehemes
The pension cosls Charged in the financial stalemen15 feprc5enl thc contribulion payable by the charity during the
year.
1.6. Debtors
Debtors are recognised al the seiilement amouni due after any discouni. Prepayments are valued at the net amount
prepaid. Grani income iecosnised by rhe charily from funders. but which has noi yet been received at ihe year
end, is included in debiors.
1.7. Cash at bank and hand
Cash al bank and in hand comprises cash on deposii ai banks requiring less Ihan 3 months notice of withdrawal.
1.8. Credfitors And provlslons
Creditors and provisions are recogni.sed where Ihe charily hasa present obligalion resuliiii8 from a past eveni,
which will probably rc5uII in the Irdnsfer of economic value lo a third party. and the amouni dlbe to seiile ihe
obligaiion can be reli&bly measured or eslimaled. Creditors and provisions are normally recognised at their
settlement amounl&fier allowing for any discouni. Funds already received from funders thai do not meei Ihe
criieria for recogniiion as income. are shown in credilors,
Critical accounllng Judgements and key sourc&s of estimation uneerlalnty
The followin8 are the criliLdl judgements and esiimaies thai the Trustees have made in the process of applying ihe
charity's accounling policies and that have Ihe mosi significant effect on the arnounts recognised in the financial
slaiements.
Depreciatlon and useful Ilves of assets
The depreciaiion rales are based on expected useful lives of the relevant assels. The eslimales and underlying
assumpiions are Teviewed on an ongoing basis and could have & materiial impaci on boLh the results for the year
and the financial position if aliered.
RecoverabS1Siy of debtors
In assessing ihe recoverabiliiy of amounis due from debtors, the Irus¢ees have made the assurnption that any
impairmenl resulting from Ihe non-Tecoverability of the debtors owed to the charily will noi be in excess of the
bad debt provision that hus been pul in place. The Iru51ces believe that no further provision is required.
Page 19

Greater Shantallow Area Partnership Limited
(A company limited by guarantee)
Not£5 to financial statements
for the year ended 31 March 2025
Income from donallons and legacies
Unrestrlcted Restrleted
funds
funds
2025 Unrestrlcled Restrlcted
Total
funds
funds
2024
Total
Donations
Capital Donation from Northside
Grants receivable - Dfc NR
Granis receivable - Dfc CIF
Grants receivable - Dfc Job start
Granis receivable - DENI - WRAP
Granis receivable - DC & SD Council
Grants Teceivable - WHSCT
Grants receiv&ble - Triax
Grants receivable - Big Lottery
Grants receivable - DLUHC
Grant% rcccivablc - Oiher
1,450
1,450
1,500
1,5tY)
i(yJ.000
340,713
64,328
20,463
67,000
65,640
48,062
103,282
115,572
194.438
28,131
iOO,(M)O
340,713
64,328
20,463
61,845
65,640
42.762
103.282
115.572
194,438
28,131
362.956
68,988
15,963
63,000
115,128
57,529
112,205
117,764
362,956
68,988
15.963
69,(XX)
15,128
62.129
12,205
17,764
6.000
5.155
4,600
5.3(X)
53.730
53,730
12,050
967,263 979,313
11,955 1,137.174 1,149,129
Income from other tradlng acllvltles
Unreslrlcted Restrieled
funds
funds
2025 Unrestricled Restrlcted
Total
funds
funds
2024
Tolal
other Activities Income - Extended Schools
Oiher Activities Income & Fees
Renial income
6,500
61,869
60.734
67,234
61,869
9,000
6,0(Ki
67,983
54.761
60,761
67,983
77,369
60.734
138,103
73,983
54.761
128,744
Other income
Unrestrieted
funds
2025 Unrestricted Reslrleted
Total
funds
runds
2024
Total
Other income
5,OC()
5,(X)O
5.000
5.000
5,000
Page 20

Greater Shantallow Area Partnership Limited
(A company limited by guarAntee)
Notes to fjnaneial statements
for the year ended 31 March 2025
Net income for the year
2025
2024
Nei income is slated after charging-
Depreciaiion and oiher amounis writl¢n off langible fixed assets
Loss on disposal of tangible fixed assets
Auditors, remuneration - excluding accounlancy fees
41,562
11.649
15
1.100
1,100
The March 2025 year operating costs include exceptional property refurbishment cosis of £41.212. These costs
were fully funded by granis from the Dfc in Northern Ireland 2nd Donegal County Council.
Employees
Employment costs
2025
2024
Wages and salaries
So¢i81 security costs
Pension costs
530,230
43,669
16,784
510.655
42,094
16.644
590,683
569,393
No employee received emolumenis of more Ihan £60,IJOO (2024 . None).
Number of employees
The average monihly numbers of employees (including the Ifustees) during Ihe year. calculated on ihe basis of
full lime equivfilenls. was as follows,,
2025
Number
2024
Number
Trusle¢s- Voluntary & Pan-lime
Administration ond management
Project siaff and iutors
12
13
20
20
36
37
Payroll costs include a lolal wages co￿, includin8 ER NIC and ER pension, of £54.257 (2024:£51,600) relaiing
10 the project manager.
The Iruslees aff all voluniary and do noi receive either remuneration or expenses for thelr services as irustees.
During Ihe March 2025 the chairman received £76 in travel expenses for atlendance at meetings on behalf of the
charity.
Page 21

Greater Shantallow Area Partnershlp Limited
(A company limited by guarantee)
Notes to financlal statements
for the year ended 31 March 2025
Pensfion ¢osts
The company operates a defined eontribuiion pension scheme in respeci of Ihose eligible employees who choose
lo join the pension scheme. The scheme and ils asseis arc hcld by independent rnanagers. The pension charge
represenis coniributions due from the company and was as follows..
2025
2024
Pcnsion charge
16.784
16,644
Taxatlon
The charity's activities fall within Ihc exempiions afforded by the provisions of ihe Ineome and Corporation
Taxes Act 1988. Accordingly, Ihere is no taxation charge in ihese accounts,
Long Fixtures,
leasehold filtings and
property equlpmenl
10. Tanglble fixed assets
Total
Cost
Ai l April 2024
Addiiions
383,250
52,13J
6.626
435,385
6,626
Ai 31 March 2025
383.250
58,761
442,011
Depreclatfion
Ai l April 2024
Charge for the year
Ai 31 March 2025
6.400
38,325
44,462
3,237
50,862
41,562
44.725
47.699
92,424
Net book values
Ai 31 March 2025
338.525
11,062
349,587
Ai 31 March 2024
376.850
7,673
384,523
11. Debtors
2025
2024
Trade debiors
Amounts owed by Social Cnpiial (NW) CIC
Other debtors
Prepaymen15 and accrued income
169,426
5.580
159.052
5,357
2,550
10,338
12,351
188.357
177.297
Page 22

Greater Shantallow Area Partnership Limited
{A company lirnited by guarantee)
Notes to financial statements
for the year ended 31 March 2025
12.
Credltors: amounts falling due
wllhfin one year
2025
2024
Bank overdraft
Bank loan
Trade ¢￿dItOrS
Other taxes and social security
Other creditors
Accruals and deferred incon
1,438
lo.￿0
92.652
9,781
5,878
147,842
1,521
10,IM)O
78.099
8,350
2.765
83.097
267,591
183.832
The loan is secured by a first legal charge, in favour of Ulster Communiiy Investmeni Trust, Tegistered againsi
the charity's property.
13. Credltors: amounts falllng due
after more thAn one year
2025
2024
Bank lonn
76,540
83,835
Loans
Repayable in one year or less, or on demand (Noie 12)
Repllyable between one and iwo years
Repayable bclween two and five years
Repayable in five year5 or more
i 0,000
lo.￿0
30,1XIO
36,540
10,000
10.000
30,000
43,835
86,540
93,835
The £95,(KIO loan received from Ulster Investment Commuftily Trnsl Limiled, Iradlng as Communily Finance
Ireland, lo assist with Ihe purchase of Ihc Nonhside offices during the March 2024 yev4f 15 repayable over a l O
year term. The loan is secured by a first legal charge, in favour of Ulster Community Investment Trusi, regisiered
against the charily's propeny.
14. Analysls of net assets between funds
Unreslrieted Restrlcled
funds
funds
Total
funds
Fund balances at 31 March 2025 as represenied by..
Tangible fixed assels
Current assets
Curreni liabililies
Long-term liubilities
79.997
269,590
208,442
263,530
{10,(K)O) (257,591)
(76,540)
349,587
471,972
(267,591)
(76.540)
201,899
275,529
477,428
Page 23

Greater Shantallow Area Partnership Limited
(A company limited by guarantee)
Notes to financial statements
ror the year ended 31 March 2025
15.
Unrestrlcted funds
At
l April Incomlng Outgoing
2024 resources resources
At
31 March
2025
Unresiricied Reservcs
164,251
94.419
(56,771)
201.899
Purposes of unrestricted funds
Unrcsiricied funds have been buili up lo enable the charity (o meet the non-grant aided portion of it's operating
costs.
16. Restrfcted funds
At
l Aprll Incoming Outgolng
2024
resources rnsources
At
31 Mareh
2025
Operating Costs
Capiial expendiiure costs
4.442 1.021,371 (1.021.371)
297.208
6.626
(32.7471
4,442
271.087
301,650 1.027.997 (1,054,118)
275,529
Pllrposes of restrlcted funds
The majority of Restricted funding received by Ihe charity is to ¢over the operating costs of the orynisaiion.
Throughout ils existence the charily has received vArious resiricted ¢4piial grant funding to cover capital costs
of fixed asse15 acquired by il in Ihe course of ils operations. Funders who havc provided capital 8ranls lo Ihe
charity include the Department for Communities. Big Lollery and Triax amon8 oihers.The March 2024 accounis
included a capital grant of £194,438 received from DLUHC Io8eiher with the capital donation of £IOO,(M)O
received from Northside Development Trust which were used to assisi Ihe charity with funding the purchase of
the charity's Northside premi.ses during the year. The toial property capilal cost was £383,250 exclusive of
prDfesqional fccs and the charily is self funding the shortfall belween the capital income and ihe propeny cost
through a 10 year loan obtained from Community Finance Ireland. The repaymeni of the loan is to be funded
from the charity's ongoin8 8eneralion of addilional unrestricted income. The March 2025 accounis include a
capital grani of £6,626 from Dfc.
17.
Flnancial eommltments
As at 31 March 2024 the company has property leasing cosl commiimenis of approximately £ 40.000.
Page 24

Greater Shanlallow Area Partnership Limited
(A company Ilmited by guarantee)
Notes to financial statements
for the year ended 31 March 2025
l8. Contingent Ilabllltles
l) Grants income, including the £194.438 capital grant recognised in the March 2024 accounis from the
Depanmenl for Levelling Up, Housing and Communities. could k repayable to the various fvndcrs in the event
that the company failed to comply wilh the teTms and conditions per the various leiters of offer. There is also a
signed legal charge in place beiween GSAP and ihe Department for Levelling Up, Housing & Cofflmunilies
which runs for a period of 7 years and sets oui cenain clawback condition5 atla¢hing lo the grant. The charity
continues 10 meei Ihe lemis and condilions of all Ihe funding offers and as such no provision 15 necessary for the
reiurn of grani funding or any funding clawback obligations.
21 If the charity slopped operating Ihere would be a potential redundancy liability which al the year end would
have been in excess of £50.000. This poiential wages cosi would have to be funded from UnTeslriclcd Teberves as
il is noi covered by ihe lunders. The accounts have been prepared on a going concem basis and the charity ha5 no
plans lo reduce or cease operations. As such no provision CUTTenily needs included in the financial siatemenis in
spect of the poieniial redundancy costs.
19.
Transaetlons wlth trustees
The dire¢iors l irustees are all voluntary and do noi receive eiiher remuneralion or expcnscs for their services a5
direciors / Iruslees. During the March 2025 y¢Éir Ihe chairman received £76 in travel expenses for aitcndance ai
meelin8s on bch51f of the Charily.
Pydge 25

Greater Shantallow Area Partnershlp Limited
(A company limited by guarantee)
Notes to financial statements
for the year ended 31 March 2025
20.
Related p9rty transactlons
l ) The March 2025 year expendiiure includes £9,244 due to Liberty Con50rtium. All such expejmlilure occurs
under normal operating tenms & if applicable. is checked & approved by the funders. As ai 31 March 2025
Creditors include £850 owed io Liberty Consortium. Mr Darren Kirby. a GSAP employee, is a direcior of Libeny
Con50rtium. He is not involved in Ihe decision-making for Iransactions involving boih organisaiions.
2) The Mar¢h 2025 year expendiiure includes £21,980 to Shantallow Communiiy Residents Association (SCRA).
£2.1(X) lo Tearnworks CIC And £8.725 to Shantallow Youth Inilialive; while income includes £11,257 from
SCRA. As ai 31 March 2025 d¢btors include £6,379 owed by SCRA and crediloT5 include £8,550 owed lo SCRA
and £41Y) owed lo Ihe youth inilialive. All iransaclions between ihe organisalions occur under normal terms . if
applicable. are checked & approved by the funders. Mr Cathal Mccauley, a GSAP direcior, is employed by
SCRA & is involved in the management of the other organisations. He is not involved in the decision-making
when projects involve these OTganisations.
3) The March 2025 expendiiure includes £100 du¢ ro L¢afair Community Association (LCA). As at 31 March
2025 creditors include £100 due io l.CA. All iran8aclir)ns belween the￿¢ organisalions occur under normal term5 ,
if applicable. are checked & approved by the funder, Peter M¢Donald. a fornKr GSAP director, was an employee
of LCA; while Mr G Mcmonagle. a GSAP director is also a director of LCA. Neiiher Mr McDonald nor Mr
M¢Monagle are involved in the decision-making for pTojeclS involving these or8anisalions.
4) There were no donaiions 10 the ch2riiy from Social Capiial (North Wesl) CIC, Ihe Irading company owned by
Ihe eharily. However during the March 2025 year GSAP paid £223 of cosis fuT Ihe CIC & as al 31 March 2025
debtors include £5.580 owed by the CIC fur c0515 paid by GSAP, The i)oard of the CIC comprises 2 members of
the charity's board. The CIC'5 conslilulion requires il to donate any surpluses generaied 10 the chariiy.
5) The March 2025 accounls include a debtor loan balance of £1,000 owed to GSAP by Galliagh Womens Group
after the repayment of £1.51)O during Ihe year. The expendiiure for Ihe March 2025year includes £3,750 due lo
Galliagh Womens Group and crediiors as at 31 Msarch 2025 include a balance of £750 owed lo the group. All
transactions beiween the organisalions occur under normal conditions , wh¥re applicable. are checked by funders.
Marie Gillespie, a GSAP direclor, & Rosie Doherty, a fornier director, ore ￿ls0 involved in Ihe m&na8emeni of
the womens group,
6) The March 2025 year accounis include expendiiure of £25,392 duc io Rainbow Child & Family Cenlre, As al
31 Murch 2025 there is a balance of £1957 owed 10 Rainbow. All transactions between Ihe 2 occur under normal
opeiaiin8 condiiions & where applicable, are checked by the relaied funders, Elaine Young. a GSAP dierector, is
employed by Rainbow, bul ha5 no involvement in the charity's management decisions involving the 2 eniiiies.
71 The March 2025 expenditure includes £4,000 due to Bios Compuiers Ltd while ihere are no ouisi&nding
balan¢es owed as Al 31 March 2025. All Iransaclions between the 2 eniilies occur under normal condiiions
where applicable are checked by ihe relaied funder. DaTTen Kirby, a GSAP employee. is Ihe brother of the owner
of Bios. Darren Kirby is nol involved in the charity's decision-making for projects involving both enlilies.
8) The March 2025 expendilure include5 £5,270 wilh Skeoge Communily Association& income includes £1.295
from it. A5 al 31 March 2025 Ihere are no ouisianding balances between the 2 organisaiions. All transactions
between the 2 occur under nornial conditions
where applicable. are checked by ihe relevani funder. Nicola
Mullan & Caroline Ming, boih GSAP employees. Are Also involved in the managemeni of SCA. Neither are
involved in the chariiy's dccision-making in projecls involving the 2 enlilies.
21. Controlllng interest
No one member of Ihe board of director5 15 able lo exercise conlrol of the company rather il is conirolled
colleciively by lh¢ board of d1￿clor$.
22. Post balance sheet events
Page 26

Greater Shantallow Area Partnership Limlted
(A company Ilmited by guarantee)
Notes to financial statements
ror the year ended 31 March 2025
23. Gross cash flows
2025
2024
Returns on Investments and servicing of finance
Intcresi paid
(8,3321
(3.020)
Capltsl expenditure
Paymenis io acquire iangible assels
(6.626)
(392.785)
Financfng
New bank loan
Repayinent of bank loa
95,000
(1.165)
(7,295)
(7.295)
93,835
2￿ Analysls of Chang￿ in net funds
Openlng
balance
Cash
nows
Closlng
balanee
Cash al bank and in hand
Overdrafts
171,748
(1,521)
111,867
83
283,615
(1,438)
170,227
111.950
282,177
Debt due withln one year
Debt due after one year
( i o,o(x))
(83.8351
(10.O(K))
(76,5401
7,295
(93,835)
7,295
(86.540)
Nel funds
76,392
119,243
195,637
Going concern
The various Dfc funding was again renewed for another year 10 31 March 2024 and the funding from the
National Lottery Communiiy Fund runs until 2025. The board are confident that they will continue lo be &warded
new core funding and as such they have no Concerns with regards to the going-concern status of ihe chariiy.
Howevcr (h¢ charily's ability lo conlinuc as a going-concern is dependent on coniinuin8 to receive core funding.
Should the charity nol gel il's Core funding renewed il would be highly likely that it would not be able io continue
and the going4oncern basis for preparing Ihe aceounis would no longer be appropriute, It is currently expected
thai the various funding will continue to be m&de availabl¢ lo the charily aT)d a5 such Ihe going-concern basis
remains appropriate in preparing the financial slalemenls.
26.
Company Ilmlted by guarantee
Grealer Shanthllow Area Partnership Limited is a company limited by 8uarantee and accordingly does not have a
share capital,
Every member of ihe company undertak¢s lo conlribute such aJnounl as may be required not exceeding £1 10 the
asseis of ihe charitable company in the evenl of ils being wound up while he or she is a member, or within one
year afier he or she ceases to be a member.
Page 27

Greater Shanlallow Area Partnership Limited
(A company limited by guarantee)
Notes to financial statements
for the year ended 31 March 2025
27. Llmltation of Audltors, Llablllty
As slated in Ihe leiier of engage￿￿nI which was signed and approved by Ihe l)oArd of direciors, the liabiliiy of the
auditor is litniled io the amount of the annual fec.
Page 28